FTSE 100 edges higher as King Charles III becomes monarch

September 09, 2022 01:52 PM BST | By Abhishek Sharma
 FTSE 100 edges higher as King Charles III becomes monarch
Image source: © Alexandersikov | Megapixl.com

UK Market: The UK markets remained in an upbeat mood on Friday even as the nation mourned the death of Queen Elizabeth II. At around 1:00 pm GMT+1, the benchmark FTSE 100 index was up 1.40%, led by mining companies. The FTSE 250, on the other hand, was up 1.30% at the same time. King Charles will address the nation in the evening and give his tributes to the Queen. He'll also pledge his duty to his service as the new sovereign.

ASOS Plc (LON: ASC): Shares of the online fashion and cosmetic retailer climbed nearly 2% during the day despite the warning that its pre-tax profits would hit the lower end of the company's guidance. The company had in June issued guidance of £20 million to £60 million for its adjusted pre-tax profits. 

Computacenter plc (LON: CCC): Shares of the IT services provider slipped over 11% following its trading update for the first half of 2020. The company posted a 6.4% loss in its pre-tax profits even as its gross invoiced income rose by 20.8%. 

London Security PLC (LON:LSC): Shares of the AIM-listed fire protection company fell over 9% after its half-year profits before tax fell 7.1% to £10.8 million from £12.2 million in the first half of 2021. The company said the figures indicate the rising input price pressures in the countries it operates in.
 
US Markets: The US market is likely to start in the green, as indicated by the futures indices. S&P 500 future was up by 26.31 points or 0.66% at 4,006.18, while the Dow Jones 30 future was up by 0.61% or 193.24 points at 31,774.52. The technology-heavy index Nasdaq Composite future was also up by 0.60% or 70.23 points, at 11,862.13. (At the time of writing – 8:35 am ET).

US Market News:

Shares of the electronic signature company DocuSign (DOCU) rallied 16.4% in the premarket trading session after it posted market-beating quarterly figures. The company's guidance for shared revenue for the next quarter also exceeded expectations, while the full-year outlook stayed in line with estimates.

Shares of the cloud security firm Zscaler (ZS) jumped 14.1% in the premarket trading session on the back of its robust results for the most recent quarter. The company posted adjusted earnings of 25 cents per share on revenues of $318 million, beating analyst estimates of 20 cents a share on $305 million in revenue.

European Indices Performance (at the time of writing):

FTSE 100 Index One Year Performance (as on 9 September)

(Source: Refinitiv)

Top 3 Volume Stocks in FTSE 100*: Lloyds Banking Group plc (LLOY), Glencore Plc (GLEN), Barclays Plc (BARC)

Top 3 sectors traded in green*: Real Estate (1.23%), Energy (0.94%), Basic Materials (0.62%)

Top 3 sectors traded in red*:  Financials (-0.18%), Consumer Non-cyclicals (-0.15%), Consumer Cyclicals (-0.02%)

London Stock Exchange: Stocks Performance (at the time of writing):

Crude Oil Future Prices*: Brent future crude oil (future) price and WTI crude oil (future) price were hovering at $90.91/barrel and $85.12/barrel, respectively.

Gold Price*: Gold price was quoting at US$1,737.10 per ounce, up 0.68% against the prior day's closing.

Currency Rates*: GBP to USD: 1.1572; EUR to USD: 1.0057.

Bond Yields*: US 10-Year Treasury yield: 3.253%; UK 10-Year Government Bond yield: 3.0775%.

*At the time of writing


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Limited, Company No. 12643132 (Kalkine Media, we or us) and is available for personal and non-commercial use only. Kalkine Media is an appointed representative of Kalkine Limited, who is authorized and regulated by the FCA (FRN: 579414). The non-personalised advice given by Kalkine Media through its Content does not in any way endorse or recommend individuals, investment products or services suitable for your personal financial situation. You should discuss your portfolios and the risk tolerance level appropriate for your personal financial situation, with a qualified financial planner and/or adviser. No liability is accepted by Kalkine Media or Kalkine Limited and/or any of its employees/officers, for any investment loss, or any other loss or detriment experienced by you for any investment decision, whether consequent to, or in any way related to this Content, the provision of which is a regulated activity. Kalkine Media does not intend to exclude any liability which is not permitted to be excluded under applicable law or regulation. Some of the Content on this website may be sponsored/non-sponsored, as applicable. However, on the date of publication of any such Content, none of the employees and/or associates of Kalkine Media hold positions in any of the stocks covered by Kalkine Media through its Content. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music/video that may be used in the Content are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music or video used in the Content unless stated otherwise. The images/music/video that may be used in the Content are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.


Sponsored Articles


Investing Ideas

Previous Next